The International Monetary Fund (IMF) is in talks with the El Salvadoran government to support local policies that will address the country's macroeconomic imbalances and enhance its medium-term growth prospects and resilience. According to a recent statement from the Fund, a mission led by Raphael Espinoza has been engaged in ...
Xapo Bank has introduced a new financial product allowing its UK customers to earn daily interest on their Bitcoin deposits. The interest will be paid in Satoshis, the smallest unit of Bitcoin, with variable rates applicable to balances up to 5 BTC. The bank's new Bitcoin accounts reportedly offer 1% ...
MicroStrategy, the largest corporate holder of Bitcoin and the world's first Bitcoin development company has released its financial results for the second quarter of 2024, which ended on June 30. The company reported that its Bitcoin holdings have reached 226,500 BTC, with a market value now 70% higher than the ...
David Marcus, former president of PayPal and current CEO of Lightspark, has publicly endorsed former President Donald Trump for re-election. In a post on the social media platform X, Marcus expressed his support for the Republican Party, stating that he had reached this decision after reassessing his views. Marcus, who ...
US Senator Cynthia Lummis has renewed her call for a Bitcoin reserve to help alleviate the US national debt, following the Treasury Department's announcement that the gross national debt exceeded $35 trillion for the first time. This figure marks a dramatic increase from $907 billion four decades ago, according to ...
El Salvador has proposed using Bitcoin for trade with Russia to overcome financial transaction limitations imposed by sanctions. This revelation came from Alexander Ilyukhin, First Secretary of the Russian Embassy in Nicaragua and Head of the Office in El Salvador, in an exclusive interview with State media outlet Izvestia. Ilyukhin ...
Former VanEck advisor Gabor Gurbacs has sparked a provocative discussion about the Federal Reserve's potential adoption of Bitcoin, suggesting it could serve as a hedge against the central bank's own policies. The conversation was ignited by U.S. Senator Cynthia Lummis's recent announcement at the Bitcoin 2024 Nashville conference. Lummis outlined ...
The University of Wyoming is set to launch an institute dedicated to research and producing high-quality peer-reviewed studies on Bitcoin. Associate Professor Bradley Rettler, who will serve as the institute's director, announced the initiative on July 28 via social media platform X. Rettler criticized the current state of Bitcoin research ...
U.S. based Bitcoin Miner, Marathon Digital has announced that it has purchased $100,000,000 worth of $BTC and currently holds over 20,000 $BTC in its portfolio. According to a press release published on Thursday, July 25, 2024, the firm noted that it will implement a HODL approach towards its Bitcoin treasury ...
Metaplanet has announced a strategic partnership with Hoseki, a global leader in Bitcoin verification solutions. This collaboration aims to enhance transparency in Metaplanet's Bitcoin holdings by utilizing Hoseki's advanced verification technology to allow users to authenticate the company's Bitcoin reserves. The partnership, announced on Tuesday, July 23, introduces the Hoseki ...
